Swiss Central Bank Chief Warns on Impact of Gold Vote

TODAY: Nov. 23, 2014 PUB DATE: Nov. 23, 2014

By Andrew Morse ZURICH--The head of the Swiss National Bank reiterated concerns that a popular vote on requiring the central bank to keep a fifth of its assets in gold would hinder its ability to conduct monetary policy. In text ...

Putin Circumspect on Re-Election, but Critical of Western Sanctions

TODAY: Nov. 23, 2014 PUB DATE: Nov. 23, 2014

By Alexander Kolyandr MOSCOW--Russian President Vladimir Putin said he would not retain his post forever, but doesn't rule out running in 2018, and said the Western sanctions against Moscow violate human rights and are aimed at sowing discord in Russian ...

Big Homes Can Complicate Retirement

TODAY: Nov. 23, 2014 PUB DATE: Nov. 23, 2014

By Jonathan Clements Once you've paid for your house, how much will it cost you? This is a crucial issue for anyone looking ahead to retirement. The more expensive your home, the more of a drain it'll likely be in ...

Brazil Government Reduces 2014 Economic Growth Forecast

TODAY: Nov. 23, 2014 PUB DATE: Nov. 22, 2014

By Rogerio Jelmayer SÃO PAULO--Brazil's economy is likely to grow 0.5% this year, according to country's Planning Ministry, reducing its previous forecast of a 0.9% gross domestic product growth rate. The reduced forecast still sounds optimistic when compared with private-sector ...

Lavrov Says West Is 'Seeking Regime Change' in Russia

TODAY: Nov. 23, 2014 PUB DATE: Nov. 22, 2014

By Alexander Kolyandr MOSCOW--Russian Foreign Minister Sergei Lavrov on Saturday accused the West of "seeking regime change" in his country by imposing sanctions against Moscow. His comment chimed with remarks made by President Vladimir Putin on Thursday that Russia should ...

Wireless Carriers Bid Up US Airwaves To Record

TODAY: Nov. 23, 2014 PUB DATE: Nov. 22, 2014

(FROM THE WALL STREET JOURNAL 11/22/14) By Thomas Gryta and Ryan Knutson The Federal Communications Commission's auction of wireless spectrum licenses has collected $34 billion in bids, turning what was expected to be a relatively sleepy affair into a likely ...

Yum Sets Aside $1 Billion for Buybacks -- Update

TODAY: Nov. 23, 2014 PUB DATE: Nov. 21, 2014

By Maria Armental Yum Brands Inc. is setting aside $1 billion for possible share buybacks through May 31, 2016, the company said Thursday. Separately, the Louisville, Ky., restaurant operator that owns KFC, Pizza Hut and Taco Bell said Elane Stock ...

Global Markets Rally -- 4th Update

TODAY: Nov. 23, 2014 PUB DATE: Nov. 21, 2014

By Tommy Stubbington Heavyweight central banks gave a strong message of support to markets Friday prompting a rally around the world. Stocks and bonds in Europe surged after European Central Bank President Mario Draghi underlined his message that the central ...

Dutch Repatriate Some Gold Reserves

TODAY: Nov. 23, 2014 PUB DATE: Nov. 21, 2014

AMSTERDAM--The Dutch central bank said Friday it is repatriating some of its gold reserves from the U.S., making it the latest central bank in Europe to address public concerns about the safety of its gold. De Nederlandsche Bank, or DNB, ...

Omnicom CEO No Longer Believes in 'Merger of Equals' Concept

TODAY: Nov. 23, 2014 PUB DATE: Nov. 21, 2014

By Ruth Bender BARCELONA--Omnicom Group Inc. (OMC) Chief Executive John Wren no longer believes in the idea of merger of equals following the collapse earlier this year of the U.S. advertising giant's plans to merge with French rival Publicis Groupe ...

Russia Sugar From Beet Output Rises on Year

TODAY: Nov. 23, 2014 PUB DATE: Nov. 21, 2014

By Grigori Gerenstein Special to DOW JONES NEWSWIRES MOSCOW--The pace of Russia's sugar production from newly harvested beet is considerably higher than the last year's volumes, according to figures released Friday by Soyuzrossakhar, the national association of sugar producers. Russia ...

China Cuts Interest Rates

TODAY: Nov. 23, 2014 PUB DATE: Nov. 21, 2014

BEIJING--China's central bank cut interest rates Friday in an unexpected move after months of weakening economic activity. The People's Bank of China said it cut its benchmark one-year loan rate by 0.4 percentage point and its one-year deposit rate by ...

EUROPE MARKETS: European Stocks Enjoy China, Draghi Economic Policy Pop

TODAY: Nov. 23, 2014 PUB DATE: Nov. 21, 2014

By Carla Mozee, MarketWatch Stoxx Europe 600 headed toward two-month high LONDON (MarketWatch) -- Equities across Europe jumped Friday as central banks in China and Europe announced fresh measures to jump start their respective slumping economies. During the European trading ...

Oil Prices Jump on China's Surprise Rate Cuts

TODAY: Nov. 23, 2014 PUB DATE: Nov. 21, 2014

By Tim Puko And Cassie Werber NEW YORK--Oil prices jumped Friday after China surprised the market by cutting interest rates, fanning hopes of increased demand from the world's second-largest crude consumer. The news came at a key time for oil. ...

Dollar Sinks Against Commodity Currencies on China Rate Cut

TODAY: Nov. 23, 2014 PUB DATE: Nov. 21, 2014

By James Ramage The dollar dropped against currencies tied to large commodity exporters on Friday after China moved to stimulate its economy, spurring hopes for renewed demand in raw materials. The Australian dollar jumped 0.9% to US$0.8699, while the New ...

U.S. Government Bonds Retreat, but Losses Tempered

TODAY: Nov. 23, 2014 PUB DATE: Nov. 21, 2014

By Min Zeng Treasury bonds pulled back Friday as the latest signals from central banks in China and the eurozone supporting the economy encouraged investors to buy riskier assets. But the price loss was mild in the haven bond market ...

Former Peugeot CEO Says Likely to Take Over as Areva Chairman

TODAY: Nov. 23, 2014 PUB DATE: Nov. 21, 2014

By Inti Landauro PARIS--French businessman Philippe Varin said Friday he is likely to take over as chairman of state-controlled nuclear engineering company Areva SA (AREVA.FR). Mr. Varin, who was chief executive of car maker Peugeot SA (UG.FR) until last year, ...